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The account balances for the noncash current assets and current liabilities of United Corporation are as follows: December 31 2015 2014 Accounts receivable 8,000 31,500
The account balances for the noncash current assets and current liabilities of United Corporation are as follows: December 31 2015 2014 Accounts receivable 8,000 31,500 Merchandise inventory 30,000 42,000 Prepaid expenses 67.000 49.000 Totals 140,000 122,500 al Accounts payable 61,000 37.500 Satanes payable 70,500 52.000 Totals 47,500 89,500 During 2015 United Corporation reported depreciation expense of $5 500 A gain on sale of equipment was reported in the amount of on $20,000 All purchases and sales are on account Net income for 2015 was $52,000. Prepare the operations section of the statement of cash flows using the indirect method (select one) Statement of Cash Flows or (select one) ca 30 x x x x x +++
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